Next Cabinet Minister To Leave Odds: Rachel Reeves Favourite After Wednesday’s PMQs

Rachel Reeves shortened considerably in the next cabinet minister to leave betting market after a gripping Prime Minister’s questions this morning.

According to the latest betting odds at William Hill, Reeves was a big mover in the market – shortening to 5/4 (from 7/1) after Keir Starmer refused to rule out Reeves not being Chancellor of the Exchequer at the next General Election.

Bet on politics at William Hill

Spokesperson for William Hill, Lee Phelps, said: “With no guarantee given by Keir Starmer about Rachel Reeves’ role as Chancellor, her odds of departing cabinet have fallen through the floor.

“She’s now just 5/4 (from 7/1) to be the next cabinet minister to leave and we think there’s every chance she’ll be packing up before being given the chance to deliver the Autumn Budget.”

Next Cabinet Minister to Leave Odds:

Punters can bet on the next cabinet minister to leave at William Hill and this is the current state of the market, as per 4pm on Wednesday 2nd July 2025.

• Rachel Reeves – 5/4
• Liz Kendall – 5/1
• Lisa Nandy – 11/2
• Heidi Alexander – 8/1
• Shabana Mahmood – 8/1
• Bar – 14/1

Should Reeves depart, the Next Chancellor of the Exchequer position will be of huge interest and Pat McFadden is the early market leader for that particular role.

The current Intergovernmental Relations minister is the 11/8 favourite in the betting at this stage while Darren Jones – Chief Secretary to the Treasury – is next up at 10/3.

Next Chancellor of the Exchequer Odds:

With ongoing speculation regarding Rachel Reeves’ position as Chancellor, punters can bet on the next Chancellor of the Exchequer at William Hill and here is the current state of the market:

• Pat McFadden – 11/8
• Darren Jones – 10/3
• Wes Streeting – 7/1
• Torsten Bell – 8/1
• Jonathan Reynolds – 8/1
• Bar – 12/1

Keir Starmer quickly moved to back Reeves but doubts remain over how strong her grip on the Chancellor position is. The political world will be keeping a very close eye on developments in the coming weeks and months.

Spokesperson for William Hill, Lee Phelps, said: “Intergovernmental Relations minister Pat McFadden is the current 11/8 favourite to replace Reeves, having shortened from 7/4 this morning, ahead of ahead of Darren Jones (4/1) and Wes Streeting (7/1).”

*Odds correct at time of writing – prices subject to change*